Kuwait – Mubasher: Kuwait Airways suffered losses totaling KWD 130 million ($422 million) in the past three years, according to a recent report issued by State Audit Bureau.
The company posted KWD 28.67 million worth losses during 2015, while revenues reached KWD 266.1 million, and expenses stood at KWD 294.78 million, the report added.
Kuwait Airways succeeded to shrink its losses by 13% in 2015 when compared with 2014, the report noted.
Revenues realized from abroad saw a plummet of an average between 5% and 80%, the report said.
